Stellus Capital: Q4 Earnings Snapshot
HOUSTON (AP) _ Stellus Capital Investment Corp. (SCM) on Thursday reported fourth-quarter net income of $16.8 million.
The Houston-based company said it had net income of 86 cents per share. Earnings, adjusted for non-recurring gains, came to 26 cents per share.
The investment company posted revenue of $13.5 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $13.8 million.
For the year, the company reported profit of $20.2 million, or $1.04 per share. Revenue was reported as $56.7 million.
Stellus Capital shares have increased roughly 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.93, a drop of slightly more than 7% in the last 12 months.